Advance Technologies Announces that Final FAA Flight Demonstrations Have Been Completed on the Gulfstream G-V Business Jet.Business Editors/High-Tech and Aerospace Writers LOS ANGELES--(BUSINESS WIRE)--March 22, 2001 Advance Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AVTX), inventors of the Enhanced Vision System (EVS EVS European Voluntary Service EVS Environmental Science EVS Electric Vehicle Symposium EVS Enhanced Vision System EVS environmental studies EVS European Values Study EVS Electronic Verification System EVS Extreme Voltage Shutdown ) technology, Thursday announced that final FAA flight demonstrations have been completed on the Gulfstream G-V G-V Gilbert-Varshamov (bound) business jet. Advance Technologies Enhanced Vision System allows aircraft pilots the ability to "see" through clouds, fog and darkness, offering dramatic improvements in the aircraft operation safety during inclement in·clem·ent adj. 1. Stormy: inclement weather. 2. Showing no clemency; unmerciful. in·clem weather take-offs and landings. Additionally, widespread use will reduce the number of cancelled, diverted, and delayed flights on aircraft equipped with EVS. The first EVS systems are targeted for production in 2001 as standard equipment on Gulfstream GVSP GVSP GigE Vision Stream Protocol aircraft. The system was developed in part by Kollsman Inc. under technology license from Advance Technologies Inc. "We're proud of our successful partnership with Kollsman and Gulfstream in development of EVS over the last four years, leading to the GVSP system," said Gary Ball, Advance Technologies president. EVS has demonstrated strong results improving a pilot's knowledge of an aircraft's position within the surrounding environment. Known as situation awareness, maintaining SA is key to protecting a pilot's judgement. EVS performance and its ability to enhance SA during FAA certification flight-testing has been published in Professional Pilot Magazine, January 2001 issue. The primary EVS components consist of an infrared imager mounted in the aircraft nosecone, a proprietary signal processing device and a Heads Up Display (HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. ) mounted in the cockpit. In actual operation the pilot views the external scene by looking through the transparent HUD device's image projected in real time correlation to the actual image beyond the cockpit window. When clouds, fog, haze or darkness obscure the pilot's ability to see terrain through the cockpit window, the pilot swivels the HUD device down, and continues looking forward through the HUD image and the cockpit window. Depending on conditions, EVS visibility can extend for several miles ahead of the plane. About Gulfstream Inc. Gulfstream Inc. with headquarters in Savannah Savannah, city, United States Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. , Ga., is the world leader in business aviation. Founded in 1958, Gulfstream has been synonymous with quality, service and customer support in business aviation for over 40 years. The company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of General Dynamics Corp. For more information on the company, please visit the Gulfstream Web site at www.gulfstream.com. About Kollsman Inc. Kollsman Inc., based in Merrimack, N.H., is the leading supplier of aircraft avionics and defense systems. For more information on the company, please visit Kollsman's Web site at www.kollsman.com. About Advance Technologies Inc. Advance Technologies Inc. (ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ), based in Palos Verdes Estates Palos Verdes Estates (păl`əs vûr`dēz), city (1990 pop. 13,512), Los Angeles co., S Calif.; inc. 1939. It is a residential community. , Calif., is a leading developer of thermal imaging technology and commercial imaging solutions worldwide. The original inventor and patent holder of the Enhanced Vision System concept, ATI continues to license and develop multiple thermal imaging solutions for aviation, recreational vehicles, commercial trucking and marine use. The company is publicly traded on the NASD-OTC as AVTX. For more information visit the company Web site at www.avtx.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding Advance Technologies leveraging its partnership in thermal imaging technology and EVS into new product areas. These statements reflect management's current expectations. However, actual results could differ materially as a result of unknown risks and uncertainties, including but not limited to, risks related to Advance Technologies limited operating history. |
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